Stocks Rise on Best Asian Tech Rally in Six Weeks: Markets Wrap
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(Bloomberg) — Global stocks rose for a second day as investors flocked back to the artificial intelligence trade and a clutch of upcoming IPOs kept enthusiasm for the technology sector elevated.
Stocks, Bonds Climb as Oil Falls on US-Iran Hopes: Markets Wrap
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(Bloomberg) — A slide in oil prices lifted stocks and bonds amid hopes for a deal to end a war that has rattled financial markets and fueled inflation worries. In late hours, Nvidia Corp. whipsawed after its results.
Canada to Spend C$1.1 Billion Hosting Its 13 FIFA World Cup Games
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(Bloomberg) — Canadian taxpayers will spend just under C$1.1 billion ($801 million) to host their country’s portion of this summer’s FIFA World Cup, a report said Wednesday, adding to the growing public bill across North America from the event.
Switzerland Wants Workers to Retire Later But Won’t Force Them
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(Bloomberg) — Switzerland’s government is trying to shore up the state pension system without explicitly requiring people to stay in the workforce for longer.
CEOs Are Getting Ruthless About Worker Performance
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(Bloomberg) — The way Unilever Plc Chief Executive Officer Fernando Fernandez starts every meeting at the consumer products maker says a lot about the mindset of corporate bosses who fear their companies have lost their edge.
UBS Capital Debate in Parliament Puts Bill on Easing Track
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(Bloomberg) — The parliamentary debate of new capital requirements for UBS Group AG earlier this month focused only on softening the government plan, putting the process on track for an outcome below the current estimate of $20 billion.
Stocks Fall as Fed-Hike Anxiety Lifts Bond Yields: Markets Wrap
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(Bloomberg) — The latest bout of weakness in bonds lifted yields to multi-year highs, reducing the appetite for stocks on speculation that a torrid market surge has gone too far amid war-fueled inflation risks.
Stocks and Oil Whipsaw on Mixed US-Iran Signals: Markets Wrap
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(Bloomberg) — Wall Street saw a volatile session, with stocks and oil whipsawing as traders parsed mixed signals about prospects for a US-Iran deal to end the war and revive energy flows through the key Strait of Hormuz.
Switzerland Grows More Than Expected Despite Franc, Energy Spike
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(Bloomberg) — Switzerland’s economy grew faster than anticipated in the first quarter, weathering a spike in energy prices and a strengthening franc that each took effect at the outbreak of the Iran war.
PolyPeptide Is Said to Shortlist EQT, IDG for Next Bidding Round
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(Bloomberg) — PolyPeptide Group AG has shortlisted private equity firms EQT AB and IDG Capital in the next round of bidding for the Swiss contract drugmaker, according to people familiar with the matter.
UBS Loses Middle East Wealth Bankers It Hired Two Years Ago
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(Bloomberg) — UBS Group AG has lost several senior wealth management bankers in the Middle East less than two years after hiring them, indicating the intense level of competition for talent in the region.
Global Inventory Race Intensifies in Shadow of the Iran War
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(Bloomberg) — The global rush to stockpile manufactured goods on fears of an energy-supply crunch will again overshadow business surveys in the coming week gauging the impact of a third month of war in the Middle East.
Swiss Lawmaker Pitches EU Immigration Tax in Overcrowding Debate
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(Bloomberg) — A vice president of a Swiss government party wants to charge European Union immigrants a fee if their arrival causes population density stress in Switzerland, according to a newspaper report on Sunday.
Swatch Shops Shut as Audemars Piguet Collaboration Causes Mayhem
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(Bloomberg) — After queuing for days to get their hands on the new Audemars Piguet-Swatch collaboration, fans on Saturday finally got their chance to buy the eye-catching pop-art timepiece, but heaving crowds stopped some stores from opening their doors and prompted pleas for calm.
Stocks Post Worst Day Since March as Bonds Get Hit: Markets Wrap
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(Bloomberg) — A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices.
S&P 500 Tops 7,500 as AI Fuels Record-Breaking Run: Markets Wrap
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(Bloomberg) — A revival of the artificial-intelligence trade kept fueling momentum in stocks, with the market also rising after retail sales showed signs of consumer strength despite a war-driven surge in energy costs.
$300 Billion AI Debt Binge Spreads From Wall Street to Tokyo
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(Bloomberg) — Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.
Stocks Get Tech Boost to Hit Fresh All-Time Highs: Markets Wrap
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(Bloomberg) — A rally in technology giants drove stocks to all-time highs, overshadowing data showing a resurgence in inflation that fueled wagers the Federal Reserve will keep rates higher for longer.
Swiss Population Cap Study Shows 12% GDP Hit by End of Century
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(Bloomberg) — A Swiss population cap of 10 million risks curbing economic output by as much as 12% through the end of the century, according to a government-commissioned study.
Zurich Sees No Decline in $10 Billion Private Credit Portfolio
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(Bloomberg) — Zurich Insurance Group AG said it sees “no signs of impairment or declines in quality” in its private credit investments, which amount to roughly $10 billion invested across senior corporate lending, mid-market loans and infrastructure debt.
